“Bitcoin Surges Beyond $43K, Altcoins and Crypto Stocks Follow Suit

Bitcoin Jumps to $43K, Altcoins and Stocks Ride High on Fed’s Rate Cut Projections

By late U.S. afternoon, BTC, the largest crypto asset, surged over $43,000, marking a nearly 5% climb from its earlier position below $41,000. Avalanche, Cardano, and Injective led with nearly 10% gains, propelling the CoinDesk Smart Contract Platform Index as the top-performing among CoinDesk’s crypto sectors. The Fed’s dovish projection triggered a substantial drop in bond yields and the U.S. dollar index (DXY), fueling a broad-market rally encompassing stocks and cryptocurrencies. Analytics Insight has listed the top 10 current cryptocurrency prices as of December 18, 2023.

Bitcoin- US$25,995.18 (Down by 1.89%)

Ethereum- US$1,649.45 (Down by 2.07%)   

Tether- US$0.9997 (Up by 0.02%)

BNB- US$215.13 (Down by 2.25%)

XRP- US$0.5124 (Down by 1.56%)

USD Coin- US$0.9999 (Down by 4.65%)     

Cardano- US$0.2615 (Up by 0.02%)

Dogecoin- US$0.06219 (Down by 5.30%)

Solana- US$20.62 (Down by 7.78%)

TRON – US$0.07653 (Down by 3.45%)

According to CoinMarketCap, the total crypto market volume over the last 24 hours is

US$51.09Bexperiencing a downfall of 2.41%.